If you
own a house, chances are you have an outstanding mortgage.
Mortgage debt has risen dramatically since 1999 driven mostly
by rising home values and low interest rates and most homeowners
these days will retire without paying off their homes. Getting
out of mortgage debt can be as simple as refinancing at a
lower interest rate or paying bi-monthly to save on interest...
...When
mortgage rates are lower than what you've already locked into,
refinancing might be a great option. But if you're interest
rate is already low, getting out of mortgage debt can go much
faster if you pay half of your monthly payment every two weeks.
With this method, you will be ahead a full extra payment at
the end of a year.
